Diesel jumps 4.3 cents, gasoline up 7.9

March 12, 2002
The cost to fuel a truck made its biggest jump in weeks yesterday, though the price at the pump for gasoline and diesel fuel is significantly lower than last year. The Dept. of Energy said diesel rose 4.3 cents to $1.216 while gasoline jumped 7.9 cents to $1.223. However, diesel is down 19 cents from a year ago, and gasoline is down 18.9 cents. According to the DOE, commercial petroleum inventories
The cost to fuel a truck made its biggest jump in weeks yesterday, though the price at the pump for gasoline and diesel fuel is significantly lower than last year.

The Dept. of Energy said diesel rose 4.3 cents to $1.216 while gasoline jumped 7.9 cents to $1.223. However, diesel is down 19 cents from a year ago, and gasoline is down 18.9 cents.

According to the DOE, commercial petroleum inventories have fallen the past three weeks. That and fears that the U.S.-led war or terrorism will expand into Iraq and possibly disrupt supplies have been seen as the reasons for rising prices.

Diesel on the West Coast rose 7 cents to $1.327 and in California it was up 6.7 cents to $1.338. The Gulf Coast saw a 9.6 cent rise is gasoline price, followed by the West Coast, which had a 9.5 cent increase.

About the Author

Tim Parry

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!